Auction #

14,500 SF INDUSTRIAL PROPERTY LOCATED IN WESTPORT, IN

FOR SALE

Description

INDUSTRIAL PROPERTY FOR SALE! 1112 TIWABA WAY WESTPORT, IN 47283 NOW ACCEPTING OFFERS!     THIS PROPERTY WAS FORMERLY USED AS PART OF AN ASPHALT SURFACING COMPANY.   THE PROPERTY CONTAINS OVER 8 ACRES OF LAND AND A 14,500 SF STEEL CONSTRUCTED BUILDING WITH AMPLE PARKING AND ROOM FOR EXPANSION.     PROPERTY INFORMATION: TOTAL ACREAGE:  […]

Auction Dates

Start: 01/21/2021 10:41 PM
End: 01/21/2021 11:59 PM (Ended)

Address

1112 TIWABA WAY.

Category:

Description

INDUSTRIAL PROPERTY FOR SALE!

1112 TIWABA WAY

WESTPORT, IN 47283

NOW ACCEPTING OFFERS!

 

 

THIS PROPERTY WAS FORMERLY USED AS PART OF AN ASPHALT SURFACING COMPANY.   THE PROPERTY CONTAINS OVER 8 ACRES OF LAND AND A 14,500 SF STEEL CONSTRUCTED BUILDING WITH AMPLE PARKING AND ROOM FOR EXPANSION.

 

 

PROPERTY INFORMATION:

TOTAL ACREAGE:  8.26 AC

TOTAL SQ/FT:  360,023 SQ/FT

NUMBER OF BUILDINGS:   1

COUNTY: DECATUR

COUNTY POPULATION ESTIMATE:  25,000

CITY:  WESTPORT

TAXES:  $2,13.33 SEMI ANNUALLY

 

 

BUILDING INFORMATION:

DATE OF CONSTRUCTION:  2008

SIZE OF BUILDING:  14,520 TOTAL SF

                                        6,960 SF WAREHOUSE

                                        7,560 SF OFFICE SPACE

UTILITIES:

WATER

SEWAGE      

ELECTRIC     3-PHASE

GAS

 

HEAT:  THERE IS CURRENTLY NO HEATING SYSTEM IN PLACE IN THE BUILDING.

 

THERE IS A 40 GALLON ELECTRIC WATER HEATER TO PROVIDE HOT WATER.

 

AIR CONDITIONING:  THERE IS CURRENTLY NO AIR CONDITIONING SYSTEM IN PACE

 

OFFICE DESCRIPTION:  THE BUILDING HAD 2 FLOORS, BOTH OF WHICH CONTAIN OFFICES.  THE MAIN FLOOR CONTAINS ONE PRIVATE OFFICE, MENS AND WOMENS BATHROOMS, A STORAGE ROOM, AS WELL AS A KITCHEN.  THE DOWNSTAIRS ALSO HAS A LARGE OPEN ENTERENCE AREA FOR RECEPTION AND COULD BE UTILIZED TO INCLUDE SMALLER OFFICES OR CUBICLES.

 

THE UPSTAIRS OFFICE AREA CONSISTS OF 3 PRIVATE OFFICE (ONE WITH PRIVATE BATHROOM), A CONFERENCE ROOM, A MECHANICAL ROOM, ONE BATHROOM, AND A LARGE UNFINISHED ROOM THAT COULD SERVE AS A SECOND CONFERENCE ROOM.

 

WAREHOUSE:  THE WAREHOUSE IS JUST UNDER 7,000 SF OF OPEN WAREHOUSE.  THERE IS AN OVERHANG WITH STORAGE SPACE THAT IS ACCESSIBLE FROM THE UPSTAIRS.  THERE IS ALSO A MEZZANINE THAT SPANS ALMOST THE LENGTH OF THE WAREHOUSE

 

FLOORING:  FINISHED CONCRETE SLAB

 

CONSTRUCTION:  STEEL FRAME AND METAL

 

ROOF:  A-FRAME METAL ROOFING

 

EXTERIOR:  OVERLAPPING SHEET METAL

 

OVERHEAD DOORS:  2 (ONE LARGE OVERHEAD DOOR AND ONE AVERAGE SIZED GARAGE STYLE DOOR.

 

FRONTAGE:  THE PROPERTY SITS ON ITS OWN PRIVATE DRIVE WHICH IS A SEPARATE PARCEL OF .73 ACRES TO BE INCLUDED IN THE SALE.

 

SHAPE:  RECTANGULAR, WITH EXCEPTION TO THE ACCESS ROAD.

 

PARKING:   THE PROPERTY HAS AMPLE PARKING SPACES.  THERE IS ALSO SPACE TO THE EAST OF THE BUILDING TO EXPAND PARKING, SHOULD THERE BE A NEED.  THERE IS A COVERED PARKING STRUCTURE IN THE REAR OF THE BUILDING.

 

PAVED AREA:  THE COUNTY RECORDS SHOW ROUGHLY 16,000 SF OF PAVED AREA, TO INCLUDE THE PARKING LOT AND DRIVEWAYS.

 

REMAINING AREA:  TO THE EAST OF THE BUILDING THERE IS ROUGHLY 5.5 ACRES OF SPACE WHEICH IS CURRENTLY HOUSING AN ASPHALT PLANT.  THERE IS POTENTIAL FOR OTHER STRUCTURES TO BE BUILT ON THIS LAND IF THE PLANT IS REMOVED.

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TERMS OF SALE AND CONTRACT FOR PURCHASE

OF REAL ESTATE

 

 

REAL ESTATE AND IMPROVEMENTS LOCATED AT:  41 Jonesboro Rd, Fairburn Georgia, 30213 (“Real Property”). 

THESE PREMISES ARE OFFERED upon the following terms and conditions:

 

1.            The Purchase Price is $__________________.  The sale of the property is subject to Seller approval.  Seller has the right to accept or reject the bid within three business days after the auction. 

 

2.            Purchaser will be required to pay a non-refundable earnest money deposit of ten percent (10%) of the Purchase Price, which will be held in the Trust account of Norman J. Gallivan, Inc. (“Deposit”).  The Deposit will be paid as follows: $10,000.00 cash or certified funds prior to being able to bid.  The balance to 10% of the total purchase price is to be paid within three business days after Seller’s approval after the sale if you are high bidder.  The Deposit will be refunded only if Seller is unable to deliver clean title, if the high bid is denied, or if you are not the winning bidder. 

 

3.         The balance of the Purchase Price is to be paid on or before 30 DAYS AFTER AUCTION, at the time and place of closing to be determined by the Seller.   If the Purchaser is not ready to close title by the scheduled closing date, any adjournment granted at the request of the Purchaser shall be only upon the provision that all proration’s and adjustments shall be as of the scheduled closing date.

 

4.            The Real Property is sold and the Purchaser agrees to accept the Real Property “as is” in its present condition in all respects, subject to utility easements, zoning ordinances, and any other restrictions of record. No warranties as to physical condition, environmental condition, habitability, suitability to particular purpose, tenancies, or compliance with any laws, codes or ordinances, including those relating to water supplies and septic systems (“Deficiencies”) are made by the Seller, unless specifically stated herein.  Cost and responsibility for curing Deficiencies, if any, is the Purchaser’s, and the correction or cure of any Deficiencies shall not be a condition of this sale or in any way affect Purchaser’s obligations under this agreement.  Any inspections by Purchaser or his/her/their representatives shall be at Purchaser’s expense and for his/her/their information only. 

 

5.            Rentals, water and sewer charges and any other matters appropriate for prorating and adjustment shall be prorated between the Seller and the Purchaser at the time of closing.  Any installments for local improvements not due and payable at the time of closing shall be paid for by the Purchaser as they thereafter become due.  Real estate taxes will be prorated to the date of closing.  Closing fees, if any, will be shared equally between Seller and Purchaser.

 

6.            The Seller shall be required at his own expense to furnish to the Purchaser at least ten (10) days prior to the date of closing, a preliminary binder of title insurance by a recognized title company, showing good and marketable or insurable title.  At the time of closing herein, the Seller shall tender to the Purchaser a deed to said premises free and clear of all liens and encumbrances except for easements, restrictions and covenants of record together with an owner’s policy of title insurance.  The title company shall act as closing agent with respect to the closing of this sale, and hold the earnest money Deposit(s) made on account.

 

7.            If the Purchaser fails to comply with these terms of sale the Deposit made on account hereof shall be forfeited, and the Seller shall be entitled to pursue all other available legal and equitable remedies against Purchaser, including but not limited to holding Purchaser liable for any deficiency resulting from a subsequent resale. 

 

8.            This sale is not contingent upon the ability of the Purchaser to secure financing, sell another Real Property or any contingencies whatsoever except as provided in paragraph 6.

 

9.         This sale agreement shall be governed by, and construed in accordance with, the laws of the State of Georgia.

 

10.          In the event of any litigation arising out of this sale, this agreement or any breach thereof, the successful party in any litigation shall be entitled to attorney fees and all costs of litigation.

 

11.          There will be an eleven percent (11%) buyer’s premium added to you bid price to determine the total purchase price paid.

 

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